Tata Steel Limited is acquiring a stake representing 50.01% of the equity share capital of Thriveni Pellets Private Limited from Thriveni Earthmovers Private Limited, for a consideration of upto ₹636 crore, subject to closing adjustments.

Shardul Amarchand Mangaldas & Co advised Tata Steel on this transaction.

The transaction team was led by Deepto Roy (Partner), with supprort from Subhojit Das (Principal Associate), Aditya Arora (Senior Associate), Associates Tejash Bhandari, Sudekshana Venkatesan, and Ishita Agrawal.

Thriveni Pellets focuses on producing and selling iron ore pellets.

The acquisition is a strategic transaction intended to create long‑term value for Tata Steel.

If you would like your Deals, Columns, Press Releases to be published on Bar & Bench, please fill in the form available here.